Saylor's Bitcoin Bet: A Risky Gamble
Update: 2025-12-02
Description
Michael Saylor, a prominent crypto advocate, has seen his company, Strategy, face significant losses due to Bitcoins recent downturn. Despite amassing a substantial amount of digital coins, the companys value has dropped by sixty percent since the summer. Saylors commitment to cryptocurrency remains unwavering, but critics like Peter Schiff have labeled his business model a fraud. Despite these challenges, Strategy holds six hundred fifty thousand Bitcoin, representing three point one percent of the global total.
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